Key Takeaways: The Environmental Protection Agency’s proposal to reduce methane emissions from the oil and gas sector would impose millions of dollars in annualized regulatory burdens despite substantial methane reductions driven by current market incentives The proposed regulations would add to the existing burden on oil and gas companies, which are currently suffering from low…
Key Takeaways: The final Clean Power Plan relies on switching to natural gas and renewable energy generation to meet compliance obligations States have multiple options and broad discretion to meet compliance obligations through generation from nuclear and renewables, including wind, solar, hydro, and biomass New and incremental nuclear generation will be valued for both mass‐based…
Key Takeaways: The Mercury and Air Toxics (MATS) rule represented one of the most significant air pollution regulations in U.S. history when it was announced in 2011 The Supreme Court rejected the rule, ruling that the EPA should have considered costs initially when assessing whether the rule was “appropriate and necessary” The specific nature of…
Key Takeaways: The Reforming the Energy Vision (REV) initiative seeks a fundamental restructuring of New York’s centralized utility model in response to technology advancements and customer trends that favor decentralized power generation The 2015 New York State Energy Plan provides a roadmap to implement the REV strategy through increased renewable generation, energy efficiency, and emissions…
Key Takeaways: The 2013 Climate Action Plan called for new standards to advance fuel economy and emissions reductions in the transportation sector Proposed Phase 2 standards for medium- and heavy-duty vehicles aim to achieve 24 percent improvement in fuel efficiency by 2027 The new standards will spur advancements in trucking technology, resulting in substantial costs…
Key Takeaways: PJM’s forced generation capacity outages in the 2013/2014 winter, along with long-term distributed generation trend, prompted PJM to propose capacity market reforms to ensure system reliability After requesting additional information in April, FERC approved PJM’s approval, allowing for inclusion in August Forward Capacity Auction Capacity Performance will impose stringent operational requirements and non-performance…
Key Takeaways: Solar energy still only accounts for around 1% of total U.S. power generation but costs have fallen dramatically The BLM approved the first utility-scale solar development projects under the Western Power Plan By reducing non-hardware costs of solar energy, the BLM’s initiatives will soften the impact of Investment Tax Credit expiration Insight for…
Key Takeaways: Enhancing energy efficiency is seen as a vital component of U.S. effort to reduce emissions and combat climate change A lack of access to information and financing are seen as critical obstacles to increasing energy efficiency of buildings Seven Accelerators have been announced within the Better Buildings program in order to enhance energy…
During the 2000s, many companies positioned themselves for a prolonged period of U.S. natural gas import dependence and constructed multi-billion dollar liquefied natural gas (LNG) import terminals across the Gulf Coast. However, the shale revolution transformed the domestic energy landscape, with natural gas production increasing from 19 trillion cubic feet (tcf) in 2005 to 27…
Insight for Industry – Breakthroughs in Battery Storage Technologies Carry Impacts for Wind and Solar On April 30, 2015, Tesla Motors unveiled its Powerwall and Powerpack lithium ion batteries for homes and utility-scale applications, which could facilitate an increased role for wind and solar energy resources that have so far been limited by a need…
Insight for Industry – Energy Efficiency Improvement Act Will Reduce Energy Demand The Energy Efficiency Improvement Act of 2015, which President Obama signed into law on April 30, will add momentum to falling energy consumption per capita in the United States by reducing energy demand from commercial buildings, manufacturing plants, and homes. The relatively uncontroversial…
Coal has long reigned as the leading energy source for U.S. electricity generation, but structural changes in U.S. energy markets, brought on by technological innovations and new regulatory initiatives, have called into question the future of the coal industry. For over a century, the coal industry has provided the lifeblood for American progress, fueling the…
